Debt, the simple word has become a nightmare for many people. Because today's adult life is basically maintained on the surface, and the inside has long been heavily in debt and overwhelmed.

Recently, a friend was consulting me. His credit card has already owed 8, yuan, and now there is no way to "pour it down". What should I do? This is not a case.

I don't know if you have noticed, but you have paid back a lot of money every month, but your debts have not decreased, even more and more, and you feel endless ... Then why did this happen?

1. High interest generated by continuous installment

When the credit card debt is too high, many people's first reaction is to apply for installment, so as to spread the high debt evenly, feeling that the debt on the surface has been reduced a lot, but it has not actually been reduced, and it will also bear high installment fees. The annualized interest rate of installment fees in some banks is over 36%! ! !

And once the installment amount is large, there will be installment business in the later period. After a long time, the original principal will accumulate more and more, and the interest will be higher and higher. Even your repayment is only interest.

2. Choose the lowest repayment, which is heavily in debt

Every bank will have the option of the lowest repayment. In the case of inability to repay, many people will choose the lowest repayment, because 5% of the total amount is still affordable. On the surface, it is another day to safeguard the credit information and the debt crisis has been resolved.

But have you overlooked a problem: the interest on the minimum repayment is so high that in the end, the amount you paid back is not even enough.

3. The "reverse card" breaks and collapses in an all-round way

Even people don't talk in secret. Many people can maintain their decent lives and keep the debt surface smooth by constantly reversing their cards. Once a card is downgraded or blocked, the capital chain will break and collapse in an all-round way, and overdue is the foreseeable outcome.

4. High penalty interest and interest will be generated after overdue

After overdue, the bank will pay five ten thousandths of daily interest, which is calculated from the day you are overdue, and the longer overdue, the higher the penalty interest and interest will be.

In addition to the increasing debt, it is impossible to let you go, constantly harassing you, even bursting the address book, harassing your family and friends, asking for debts at home, and trampling your dignity to pieces.

You may be forced to borrow money from your relatives to ease the current predicament, but the temporary solution will not cure the problem. The money you have returned to your credit card will be deducted directly as interest, and the principal will not be reduced, and several foreign debts will be added!

Generally, at the end of the day, everyone will have broken the jar and broken it. If you want to rush it, you will be in a state of violent decadence every day.

5. If you are sued by a bank, you will be in jail.

Banks are never charitable organizations. When the overdue amount is too large and the overdue time is too long, banks will take the step of prosecution. When your amount exceeds 5,, it will become a crime, and it is also possible to go to jail.

I'm often asked: I'm being sued by the bank, and now I'm asked to pay off my debts in one lump sum, but I really can't. What should I do? !

It is the result that no one wants to see, because debt is never a mistake, but if you don't make a debt plan, keep the surface calm and let it go in a vicious circle, you will eventually fall into the bottomless pit and be unable to go ashore.

It is the best choice to stop the loss in time and not give the debt unlimited opportunities to accumulate. When the credit card is unable to repay, don't ignore it, handle the suspension of interest and default interest, let the bank stop interest and default interest, and give yourself a breathing space by installment of the longest interest-free principal, which is also a real way to stop debt and help yourself land successfully!

Only when you really increase revenue and reduce expenditure can your debt be fundamentally dealt with. I hope everyone can solve their own debt crisis and successfully land.

If you have problems with debt, you can consult our professional staff and give you the most professional suggestions and solutions.